- AEye, Inc. (LIDR, Financial) begins production of Apollo units with Tier 1 supplier, LITEON.
- Apollo's integration into NVIDIA DRIVE platform reaches final testing stage.
- First-quarter 2025 financial results show reduced cash burn and secured new customer agreements.
AEye, Inc. (LIDR), a leader in adaptive lidar solutions, completed significant milestones in Q1 2025, including the operational launch of the Apollo manufacturing line with partner LITEON. B-sample deliveries to automotive OEMs are anticipated in Q2 2025.
The final testing phase for Apollo's integration into NVIDIA's DRIVE platform signifies potential for extensive adoption in advanced driver-assistance systems (ADAS) and autonomous vehicle platforms.
New customer engagements are underway, highlighting Apollo's versatility in markets such as Intelligent Transportation Systems and Defense.
Financially, AEye reported a GAAP net loss of $8.0 million, or $0.46 per share, and a non-GAAP net loss of $5.8 million, or $0.33 per share, in Q1 2025. The company successfully resolved lease litigation, reducing potential cash liabilities by $5 million, and ended the quarter with $25.9 million in cash and marketable securities.
AEye expects its cash burn for the full year 2025 to range between $27 million and $29 million, accounting for a one-time litigation settlement and potential convertible note repayment. Excluding these factors, the underlying cash burn rate aligns with previous forecasts.
